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Master in Accounting and Financial Management


Train as an expert professional in accounting and finance, and specialize in Corporate Finance, Controlling or International Finance.

  • Finance
  • Accounting
  • International

Informative session

Find out all the details of the program from the academic management

Date: Monday 23 January, 2023

Time: 10:00h

Location: Online

Language: Spanish

Next edition

Classes start: 03 October, 2023 (To be confirmed)

Program ends: 04 July, 2024 (To be confirmed)





ECTS credits



Monday, Tuesday, and Wednesday from 6 pm to 9 pm. Depending on the electives there may also be classes on some Thursdays and Fridays


To be determined

The main objective of the Master in Accounting and Financial Management at UPF Barcelona School of Management is to train expert professionals who can successfully manage the accounting and financial department of any company or institution.

You will acquire the essential knowledge for aligning the evolution of the economic and financial environment with the financial strategy of any organization. In addition, you will master the specialties of Controlling, Corporate Finance, and International Finance and Accounting, which allow you to focus your professional career on the field that interests you the most.

Throughout the course you will learn the latest techniques for customer management, treasury and long-term financial management. You will delve into the design and implementation of capitalization, indebtedness, and dividend policies and you will learn to choose those financing instruments that best suit the needs of the company.

In addition, in the Corporate Finance specialization, you will have the opportunity to obtain a double degree with Montpellier University - MOMA (France).

The Master in Accounting and Financial Management is endorsed by Pompeu Fabra University, the 1st Spanish university and the 15th best university in the world (of those with less than 50 years), according to the Times Higher Education ranking. In addition, UPF Barcelona School of Management has EQUIS accreditation, the most prestigious institutional recognition for business schools globally.

Why choose this program


Study at an accredited school

Study at a school accredited by EQUIS, an international distinction that guarantees the quality of our institution and makes us the 1st school of management linked to a public university with this accreditation in our country.


Choose the modality that suits you

We offer the same program, content, and academic qualification in 3 different modalities: on-campus, blended and online. You can choose the modality that suits your personal and professional situation.

The program is also offered entirely in English as well as in Spanish.


Learn from industry professionals

You will train with UPF professors, whose Department of Economics and Business has been rated 1st in Spain, 3rd in Europe and 46th in the world, by Times Higher Education. You will also train with recognized active professionals who will contribute their knowledge and experience in applying theory to practice.


Undertake your internship in top-level entities

You will be able to undertake professional internships in prominent companies such as Danone, VidaCaixa, E&Y, Boehringer Ingelheim, or Nestlé, among others.


Access to CIMA, ACCA, and CFA credentials

Completing the master's degree gives you accelerated access to the CIMA (Chartered Institute of Management Accountants) and ACCA (Association of Chartered Certified Accountants) credentials, two of the most internationally recognized institutions for accrediting professionals in management & accounting, financial accounting and management accounting.

At the end of the Master, you can also take the Chartered Financial Analyst (CFA) exam.


CFA Accreditation

The Master's is a member of the University Affiliation Program of the Chartered Financial Analyst (CFA) Institute. At the end of the Master you will be ready to take the exam to obtain the CFA accreditation, a prestigious international recognition in investment management and financial analysis, and for which there are two scholarships offered in each course. 
You can also take part in the CFA Research Challenge, a team competition in which more than 1,000 universities and Business Schools participate from all over the world.


The master is made up of 4 modules. The first 3 are transversal, that is, they are common in the three specialties. The last module of the master is the specialty, which you can choose depending on the field in which you want to develop your professional activity.

  • Corporate finance

    Master the design and implementation of financial policies and optimal decision-making regarding financing and investment.

  • Controlling

    Specialize in the controller function. Learn to define and operationalize company strategy and co-ordinate business operations such as analytical accounting, advanced financial planning, and sector analysis.

  • International Finance and Accounting

    Focus on companies with an international presence. You will deal in depth with basic aspects such as international accounting regulations, the financial management of multinationals or international taxation. 25% of this specialization is taught in English.

Who is it for?

Aimed at both young graduates in the field of Business Administration, Economics, Accounting, and Finance or Management, as well as graduate professionals who currently work in departments related to accounting and finance.

Admission and enrolment


UPF Barcelona School of Management is the management school of Pompeu Fabra University, the 1st Ibero-American university and the 16th placed university in the world, among those under 50 years of age, according to the Times Higher Education ranking. 

UPF Barcelona School of Management has EQUIS accreditation, the most prestigious institutional recognition for business schools globally, and places itself among the top business schools in the world.

The Master in Accounting and Financial Management is an official master's degree and has the academic recognition of the Ministry of Education of the Government of Spain. The Quality Agency of the University System of Catalonia (AQU Catalunya) has institutionally accredited the UPF-BSM. This accreditation certifies all the official university master's degrees that we teach and recognizes the quality of our educational model in accordance with the criteria of the European Higher Education Area (EHEA).

The master provides access to the CIMA (Chartered Institute of Management Accountants), ACCA (Association of Chartered Certified Accountants) and CFA (Chartered Financial Analyst) accreditations.

ACCA logo
CFA Institute
CIMA logo


The Master in Accounting and Financial Management is structured into 4 differentiated modules, the first 3 modules are common and are made up of compulsory subjects. The 4th module is the specialization: a series of optional subjects are offered from which you must choose 3. 

The Master's degree is completed with the professional internships and the preparation of the Master's Final Project, which are developed during the course, at the same time as the teaching activity.

Financial Accounting

New trends in Financial Accounting and international accounting standards
  • Critical vision with a comparative approach at the international level of accounting regulations (General Accounting Plan and International Financial Information Standards, General Accounting Plan for SMEs and Microenterprise Regime).
  • Comparison with US GAAP regulations.
  • Review of the latest research on accounting regulations and international accounting. Analysis of the latest trends and repercussions for the company.
  • ICAC sanctioning procedures.
Download PDF
Consolidation of Advanced Balance Sheets
  • Relevance of the consolidation of balance sheets in the cases of groups of companies
  • Rules for preparing the consolidated annual accounts
  • Formulation of consolidated accounts of corporations and groups of companies
  • Comparison with international regulations. Review of the latest research on balance sheet consolidation.
Download PDF
Advanced audit
  • Analysis of recent changes in the legislation on auditing of accounts
  • Critical vision with an international comparative approach of auditing regulations
  • Auditing principles and standards
  • Audit procedures. Audit reports. ICAC sanctioning procedures
  • Internal audit and internal control
  • Comparison with international regulations
  • Review of the latest audit research
  • Analysis of the latest trends and repercussions for companies and for audit firms. Special reference to the responsibility of the auditors.


Download PDF

Accounting Management and Management Control

Business analysis I
  • Current status of academic research and business practice in financial statement analysis
  • Equity and financial analysis. Discriminant analysis. One-dimensional and multidimensional models
  • Analysis of working capital. The relationship between working capital needs and actual working capital. Latest trends in working capital management
  • Comprehensive analysis
  • Analysis of the ability to generate profits, value and growth
  • Comprehensive diagnosis of the company. Sensitivity analysis
Download PDF
Strategic cost management
  • Relationships between cost accounting and financial accounting
  • Current state of academic research and business practice on costs, with special emphasis on the different cost systems used by companies in the current context
  • Activity-based cost management
  • Relations with integrated information systems and other functional areas of the company
  • Strategic cost management
  • New trends in cost accounting
  • Latest academic research on the subject
  • Cost models of high growth companies
  • New approaches to cost reduction. The low-cost model, quality and non-quality costs. Environmental costs. Consequences of cost reduction approaches in the company
Download PDF
Budget management and control
  • Relations with integrated information systems and other functional areas of the company
  • Standard costs and variance analysis models
  • Practical implementation of budget control models
  • Review of the literature on new trends in budget control and management beyond budgets
  • Budget management models of high-growth companies by sectors
  • Link between strategy and control system
  • Choice of monetary and non-monetary indicators
  • Design of scorecards (balanced scorecard)
  • Human aspects of management control
  • Review of the literature on new trends in management control and foreseeable evolution of control in organizations
  • Management control models in high growth companies
  • Design of control systems that minimize the perverse effects of management control
  • Case studies of successful companies and of failed companies.
Download PDF

Financial Management

Stock market and markets
  • Analysis of real operations traded in financial markets through the application of fundamental and technical analysis
  • Review of the literature on analysis models of financial markets and stock investments
Download PDF
Advanced working capital management
  • Study of good practices in treasury management (cash pooling, centres of excellence, etc.)
  • Current status of academic research and business practice in cash management and credit management.


Download PDF
Fiscal aspects of finance
  • Optimization of the fiscal situation of the company through the management and planning of taxes that affect it
  • Organizational aspects related to the fiscal dimension of finances


Download PDF
Higher level investment evaluation
  • Relations between investment policy and company financing
  • Alternatives to fill the deficiencies of the different methods
  • Choosing the most appropriate investment evaluation methods taking into account qualitative, fiscal, and organizational aspects and optimizing investment financing decisions 
  • Good investment evaluation practices in high-growth companies and special sectors
  • Project finance.


Download PDF
Strategy and Finance
  • Latest trends in qualitative analysis of the company
  • Current status of academic research and business practice in the field of business analysis and analysis of consolidated accounts
  • Formulation of predictive models based on ratios (insolvency prediction techniques)
  • Design of credit scoring and rating models
  • Analysis of specific sectors
  • Analysis of high growth companies, long-lived companies, failed companies and other types of relevant companies.


Download PDF
Finance system
  • Relationships between financing policy and financial instruments
  • Analysis of the impact of the macroeconomic environment and the behaviour of the intervening agents in the economic-financial situation of the company
  • Review of the literature and the latest professional trends in the financial system
Download PDF
Financial management
  • Corporate finance: latest trends
  • Current status of academic research and business practice in financial management
  • Application of business valuation methods to real cases. Advantages and disadvantages depending on the sector and the company analysed
  • Latest trends in business valuation and policies for value creation
  • The perverse effects of value creation policies
Download PDF

Controlling Specialization (choose 3)

IT tools for optimizing management control
  • Excel applied to accounting and finance.
  • How to implement ERP successfully.
  • Latest trends in IT tools for optimizing management control.
Download PDF
Internal control
  • Corporate governance
  • Management of corporate risk
  • Design of risk maps
  • Circuit and process design
Download PDF
Advanced management control
  • Incentive systems
  • Process redesign
  • Beyond budgeting
  • Project controlling
Download PDF
International Controlling (in English)
  • Management control systems to evaluate the performance in multinational corporations
  • Effective decision making in international business
  • Controlling subsidiaries
Download PDF
New trends in Finance **
  • Digitization of finances
  • Blockchain fundamentals
  • Principles on which cryptocurrencies are based
  • Other aspects
Download PDF

Corporate Finance Specialization (choose 3)

New financial instruments
  • Exchange (IPO, OPA, etc.)
  • Bond issue
  • Hybrids
  • Syndicated loans
  • Project finance
  • Asset securitization
  • Private Equity (venture capital)
Download PDF
Fusions and acquisitions
  • Concept, type and process of acquisition, merger and spin-off operations.
  • Due diligence
  • Negotiation and closing of the operation
  • Post-sale management.
Download PDF
Futures, options and currencies
  • Futures
  • Options
  • Swaps
  • European and international financial system.
  • Investment and financing operations in currencies.
Download PDF
International finance (in English, choose 3)
  • International finance management
  • Treasury management
  • Foreign exchange and cash flow hedge
  • Enterprise risk management
Download PDF
New trends in Finance
  • Digitization of finances
  • Blockchain fundamentals
  • Principles on which cryptocurrencies are based
  • Other aspects
Download PDF

International Finance and Accounting Specialization (choose 3)

International Controlling
  • Management control systems to evaluate the performance in multinational corporations
  • Effective decision making in international business.
  • Controlling subsidiaries
Download PDF
International Financial Reporting Standards. Advanced Level I
  • IAS 16 Property, Plant and Equipment
  • IAS 40 Investment Property
  • IAS 12 Income Taxes
  • IAS 23 Borrowing Costs
  • IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
  • IFRS 16 Leases
  • IAS 38 Intangible Assets
  • IAS 36 Impairment of Assets
  • IAS 2 Inventories
  • IFRS 15 Revenue from Contracts with Customers
  • IFRS 8 Operating Segments
  • IAS 33 Earnings Per Share
  • IFRS 10 Consolidated Financial Statements
  • IFRS 11 Joint Arrangements
  • IFRS 12 Disclosure of Interests in Other Entities
  • IFRS 9 Financial Instruments
Download PDF
International Taxation
  • Introduction and taxation systems
  • Taxes and jurisdictions
  • Transfer pricing
  • Legal tax avoidance schemes to take advantage of low tax countries
Download PDF
International finance
  • International finance management
  • Treasury management
  • Foreign exchange and cash flow hedge
  • Enterprise risk management
Download PDF

Professional Internships

Professional Internships

Includes curricular practices.

This type of internship is part of the academic content of the program as a complement to the teaching activity and is carried out at a time compatible with the master's. They are one more subject that you must pass to be awarded the degree.

Internships are supervised by the Professional Careers Service. We will assign you an internship manager who will advise you, propose offers, manage your agreement and be your contact person throughout your internship. Remember that the ultimate managers of the selection process are the companies and organizations themselves.

Master's Final Project

Master's Final Project

In the Master's Final Project you must apply the knowledge acquired in the various subjects of the program to the business world.

Note on elective courses
Elective courses will be carried out in case of reaching a minimum number of enrolled students. The final offer for each academic year may be adapted depending on the academic planning. 

Complementary activities

The Master's degree gives accelerated access to the CIMA (Chartered Institute of Management Accountants) and ACCA (Association of Chartered Certified Accountants) credentials, two of the most internationally recognized institutions for accrediting professionals in management & accounting, financial accounting and management accounting.

Its contents mean that once you finish the master, you are prepared to take the Chartered Financial Analyst (CFA) exam. There will be 2 scholarships available to access the CFA exam.

International mobility

The UPF Barcelona School of Management offers you the possibility of expanding your training and international vision through different programmes and activities:

International mobility programme: extend your studies extracurricularly, during the academic year following the completion of your Master's, at a top-level institution. Limited places.

Study Trip: optional trip to a European city in which conferences and visits to companies will be scheduled so as to expand knowledge and acquire a global vision.

BSM Inside

The master includes BSM Inside, a transversal and interdisciplinary module, common to all master's and postgraduate degrees at UPF Barcelona School of Management, which has been conceived to work on a set of key competencies for professional development in conjunction with the real needs of today's organizations. 

This module extends throughout the academic year and is made up of 3 areas of knowledge that constitute the identity traits of the UPF-BSM: Communication; Entrepreneurship and Innovation; and Planetary Well-being and Humanities.

All the subjects of the BSM Inside module are 100% online and have been designed as self-learning subjects: from the first day of the subject until the end of the term you will have all the teaching materials available on the eCampus and you can work with the material and the different activities that it contains at your own pace, according to your availability and in a self-organized way.

Qualification obtained

After completing the program, and depending on their specialization, students will be awarded with the following degrees:

  • Máster Universitario en Dirección Financiera y Contable de la Empresa. Especialidad en Finanzas Corporativas, issued by the Pompeu Fabra University.
  • Máster Universitario en Dirección Financiera y Contable de la Empresa. Especialidad en Controlling, issued by the Pompeu Fabra University.
  • Máster Universitario en Dirección Financiera y Contable de la Empresa. Especialidad en International Finance and Accounting, issued by the Pompeu Fabra University.

Issuance of official Master's Degrees: The amount stipulated in the DOGC (Official Gazette of the Government of Catalonia) must be paid for the rights to issue the title. This rate varies annually and the rate in force at the time of application for the degree will be applied.


The teaching team brings a dual approach to the program. On the one hand, professors from the prestigious UPF Department of Economics and Business contribute their theoretical knowledge in Auditing, Accounting, Control Management, and Finance. On the other hand, recognized active professionals from leading companies contribute their experience on how to apply knowledge to the daily reality of today's companies.

Academic directors

Llorenç Bagur Femenías
Llorenç Bagur Femenías

Associate Professor UPF-BSM


Llorenç Bagur Femenías

Associate Professor UPF-BSM

Ramon Bastida Vialcanet

Associate Professor UPF-BSM
Vice Dean for Knowledge Transfer

Josep Lluis Boned Torres

Senior Lecturer UPF-BSM

Xavier Brun Lozano

Senior Lecturer UPF-BSM
Program Academic Director

Susana Domingo Pérez

Senior Lecturer UPF-BSM
Director of the Academic Department of Business and Management Strategy

Oscar Elvira Benito

Senior Lecturer UPF-BSM
Program Academic Director

Jordi de Falguera Martinez Alarcon

Associate Professor UPF

Carmen Jover Díaz

Lecturer UPF-BSM

Quico Marin Anglada

Senior Lecturer UPF-BSM
Program Academic Director

Oriol Montanyà Vilalta

Senior Lecturer UPF-BSM
Vice-Dean for Development & Partner Programs

Marc Oliveras Villanueva

Lecturer UPF-BSM

Luz Parrondo Tort

Senior Lecturer UPF-BSM
Director of the Academic Department of Finance & Control

Joan Anton Ros Guasch

Senior Lecturer UPF-BSM

Albert Sagués Cuxart

Lecturer UPF-BSM

Ernest Solé Udina

Senior Lecturer UPF-BSM

Antonio Valls Roig

Lecturer UPF-BSM


The program has a very practical and professional approach. Theory and practice are combined with a very participatory methodology. Added to the presentation of theoretical concepts by the teachers is the interaction and active intervention of the students.


Connect with the professional world

Throughout the course, practical, real and current case studies will be discussed and presented, which allow you to apply the concepts learned and thus face the situations that you will find yourself in during your professional activity.


Team building

Group activities will allow you to share visions, knowledge and opinions with colleagues from diverse backgrounds, enriching your academic experience and strengthening your network of contacts.


Participate in a Challenge

A business challenge of a real case will be proposed and you must present the resolution to first level professionals (e.g. Sanofi, Henkel). There will be a recognition award.


International vision

You will learn about the current reality of the most important financial institutions in London, through seminars given by their professionals. Elective offered in the Corporate Finance and International Finance specialities.


The evaluation of the program is continuous and will be carried out based on:

  • Practical cases, exercises, and work oriented to business reality
  • Tests of the different subjects
  • Class participation and presentations
  • Class attendance (minimum 80%)
  • Master's Final Project

The evaluation activities will be carried out individually and also in a group, promoting teamwork..


The On-Campus&Live methodology allows you to follow the program in person and also remotely.

In this modality, two stable subgroups are opened that will coexist throughout the course: one face-to-face and the other with 100% remote students. The remote students (a maximum of 15 places per course) will follow the program in a synchronous way with the face-to-face students. That is, they will share the same school calendar and schedule as the face-to-face students.

Project-oriented learning and the combination of lectures and active methodologies such as case studies, flipped learning, solving real problems, and professional simulations allow the student to connect theory and practice, acquire advanced skills, and achieve learning which is transferable to the job. The face-to-face modality is enriched with elements of online programs (virtual learning environment, multimedia resources, among others) so that the learning experience of the two subgroups is equally satisfactory.

You will have:

  • Master's or postgraduate work to learn by doing
  • A personal mentor to monitor your Master's Final Project (TFM) or Postgraduate Final Project (TFP)
  • Digital resources to achieve transversal skills
  • Interdisciplinary activities and workshops
  • Digital resources and audiovisual blocks for online learning
  • Active methodologies for transferable learning

Professional Future

The program is aimed at all those professionals who want to grow and develop in an accounting or financial department, whether they are young graduates who want to start their careers, or graduated professionals who want to take on new challenges, control management, and responsibilities in this area of vital importance in any company.

Student profile

The master's degree brings together young professionals from the fields of accounting and finance, economics or business administration for each course.

The participants come from different countries, but they all have a common goal: to access quality training and live an academic experience that prepares them for their professional future.


Average age


Number of years of average professional experience


International students


Employability rate of the last 4 courses


Recommendations concerning the last 3 courses

Career opportunities

We train you to direct your professional career to accounting and finance departments, the consulting sector and Corporate Finance.

The master includes curricular internships that will help as a gateway into your professional future. They can be recognized with 2 years of experience in the field.

  • Director of accounting/finance department
  • Business advisor on accounting, financial and management issues
  • Business consultant
  • Risk analyst in financial department
  • Internal Auditor
  • Staff/middle management in financial department of multinational
  • Controller functions
  • Director of finance
  • General Director

Admission and enrolment

Our admission process consists of a rigorous evaluation of each application to preserve the quality of the group as well as the training, experience, and work capacity of all students.

Who can apply?

University graduates or higher graduates in the field of Economics, Business Administration, Accounting and Finance, or Business Management/Management.

Graduates of other disciplines not related to Business Sciences and students with a Diploma in Business Administration, must have at least two years of professional experience in the field of finance.

Those participants who do not have Spanish as one of their mother tongues or who did not have it as a teaching language in their training studies, must prove that they have at least a B2 level of Spanish (Common European Framework of Reference), as well as fluently take part in a personal interview with the academic director, if necessary.

The evaluation of the candidates will be based on a presentation document in which the candidates will state their motivations for studying the master's degree and their professional goals.


Knowledge of English (only for the International Finance Specialization):

An official certificate is needed demonstrating a level of English that meets any of the following requirements:

  • TOEFL CBT: > 235
  • TOEFL PBT: > 575
  • TOEFL IBT: > 100
  • CAE: C1 Advanced
  • IELTS: > 6.5
  • Duolingo: > 115 (accepted during the academic years 2020–21 and 2021–22)

Candidates who have English as their native language do not have to submit a certificate.

Candidates who have completed their university studies in English must submit a document proving that the language of the studies was English.

How to apply?

To apply for admission to this program, students must read and accept the Terms and Conditions of Contract once they start the application for admission through its form.

Application for admission

Complete your application within the next admission rounds:

RoundApplication deadlineAdmission resolution

Applications for admission will be evaluated when you complete the following steps:

  • Complete the online admission form.
  • Pay the €120 admission fee. This amount will be returned if you are not admitted.
  • Send the following documents through the online platform e-registrar:
    • Presentation letter or video
    • CV
    • Scanned copy of university degree (if you are in the last year of your degree, you can provide your academic records)
    • Scanned copy of Transcript of Records. Make sure that it includes your GPA (Grade Point Average)
    • Scanned copy of ID Card or Passport
    • Passport-size photo (jpg format)
    • Official english level certificate (only for the International Finance Specialization)

Additional documents may be requested in certain cases.
Applications are subject to the number of places available on the program.


  • The Admissions Committee will select the candidates on the basis of a personal or CV-based interview.
  • You will be notified of the admission decision in writing.


  • Resgistration must be paid within a 15 days after the admission.
  • Once the letter of acceptance to the program has been received, you will need to submit the following original documents before the course begins:
    • Stamped and/or authenticated photocopy of your university degree.
    • Stamped and/or authenticated photocopy of your transcript of records.
  • If you have a foreign degree you may need to submit additional documents.
  • Paying the reservation fee (25% of the program's tuition fees) is essential in order to reserve your place
  • If you pay the tuition fees by bank transfer you will be required to introduce the program code. The program codes for this course are:
    • Controlling: On campus (1536), Blended (1538), Online (1540)
    • Corporate Finance: On campus (1535), Blended (1537), Online (1539)
    • International Finance: On campus (1556), Blended (1563), Online (1564)
  • The remaining tuition fees must be paid 2 weeks before the start of the course.

Grants, scholarships and financing


The UPF Barcelona School of Management offers you different means of financing so that you can take any of our programs without worry. We offer you the opportunity to finance part of your program, either by rewarding your talent through scholarships, through grants from entities dedicated to promoting education or through collaboration agreements with financial entities.

Grants and discounts


Financing simulator

You can choose how to finance your studies by consulting our simulator and receive an answer in less than 24 hours.

Go to the simulator

Collaborating entities

In addition, we collaborate with various entities which provide study loans on favorable terms. For more information you can contact any of the following links. 

Master in Accounting and Financial Management